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WATCH: Wrong Movie Announced as Winner for Best Picture Making It the Most Awkward Live TV Moment Ever

By: Joe Hyer

February 27, 2017

Talk about a "Hollywood ending" for Sunday's Academy Awards. It will go down as the craziest moment in Oscar history, and it may just be one of the most memorable moments in the history of live television. The wrong movie was announced as the winner of the best picture award during Sunday's Oscar ceremony. Yes, the on stage moment was just as dramatic as it sounds like it would be.

So what happened? Here's a quick breakdown of what went into this colossal mistake:

The award was being presented by Warren Beatty and Faye Dunaway. Beatty looked confused when he opened the envelope, but everyone (including Faye Dunaway) assumed he was being dramatic. “You’re impossible! Come on,” she told him. So Beatty handed the envelope to Dunaway, who announced “La La Land!”

The cast and crew of La La Land to take the stage, and you probably turned off the TV to head to bed. Nobody cares about the speeches, right? That's when it got interesting. A few of the film's producers made their acceptance speeches, but it was at the end of Fred Berger's speech (he was one the film's producers) that things started to become clear. “We lost, by the way... but, you know,” he said, shrugging away from the microphone.

Jordan Horowitz, who was another producer of the film, had already given his acceptance speech when he came back to the microphone. “Guys, guys, I’m sorry. No. There’s a mistake. Moonlight, you guys won best picture. This is not a joke," he said and held up the envelope to show Moonlight had actually won.

As everyone scrambled around, Warren Beatty tried to clear things up for us. “I want to tell you what happened," he told the crowd. "I opened the envelope and it said: “Emma Stone, La La Land. That’s why I took such a long look at Faye, and at you. I wasn’t trying to be funny."

Emma Stone had just won the best actress award for La La Land.

PriceWaterhouse Coopers, the auditing firm who oversees the Oscars, issued a statement apologizing for the incident and promised to investigate what caused the mixup.